FILE - In this 1928 file photo, Thomas A. Edison presses the button in West Orange, N.J., which turns on street lights in Seattle. General Electric’s Jeff Immelt is stepping down after 16 years as CEO of the iconic conglomerate, having succeeded in repositioning the company as a producer of large industrial products but failing to fully revive its lagging stock price. John Flannery, president and CEO of the GE’s health care unit, will take over as CEO in August, the company said Monday, June 12, 2017. GE traces its roots to 1878, when inventor Thomas Edison formed the Edison Electric Light Co. in New York City after having opened his famous laboratory in Menlo Park, N.J. The next year, Edison invented the first successful incandescent electric lamp. (AP Photo/File)
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